THE SUBSTANTIAL CONTRIBUTOR TO THE FOUNDATION, BRUCE PAYNTER, PASSED AWAY ON JANUARY 20, 2019. IN EARLY MARCH OF 2019, THE FOUNDATION BOARD UNANIMOUSLY AGREED TO TERMINATE/DISSOLVE THE FOUNDATION. A CONTRIBUTION OF $55,000 WAS MADE TO NORTHWESTERN UNIVERSITY ON 3/8/19. LEGAL ADVICE WAS SOUGHT AND LEGAL FEES TOTALING $2,100 WERE PAID ON MARCH 16, 2019 ($1,575) AND JUNE 6, 2019 ($525). THE FOUNDATION PAID ACCOUNTING FEES FOR THE PREPARATION OF THE FY 2018 AND FY 2019 RETURNS OF $1,875 IN JUNE 2019. THE FOUNDATION FILED FOR DISSOLUTION WITH THE ILLINOIS SECRETARY OF STATE AND A COPY OF THE FORM NPF 112.20 - ARTICLES OF DISSOLUTION IS ATTACHED TO THIS RETURN. THE REMAINING BALANCE IN THE CHECKING ACCOUNT OF $2,183 WILL BE USED TO PAY THE FINAL $1 TAX TO THE IRS AND THE REMAINING FUNDS WILL BE DISBURSED TO NORTHWESTERN UNIVERSITY AS THE RETURN IS FINALIZED.
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